Morning Note - May 17, 2021
Good Morning!
Tax day! Futures are weaker this morning as investors weigh the pace of the global recovery and inflation post-strong earnings season. PMIs on Friday and Fed Mins on Weds the macro focus. Infra talks continue and we should see an updated GOP counterproposal this week; no consensus on how to pay for it.
10-yr yield is down to 1.618% and can't…
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